Bids open to develop Rs 15754cr Jewar airport

first_imgGreater Noida: The Yamuna Expressway Industrial Development Authority (YEIDA), on Thursday, floated global bidding for the development of international airport to be constructed at Jewar. Officials said that the commuters may catch first flight from Jewar airport by 2023.Arun Vir Singh, Chief Executive Officer (CEO), YEIDA, told reporters that the bidding process for Jewar Airport is now open and the last date of receiving the e-queries will be July 1. The bids can be submitted by October 30 while the opening of technical and financial bid will take place on November 6 and November 29 respectively. Also Read – Cylinder blast kills mother and daughter in Karawal Nagar”The nodal body for Jewar Airport, Noida International Airport Limited (NIAL) has issued the Global E-Tender for selection of Concessionaire of the Jewar Airport. A single Bid process and QCBS method will be followed to select the developer. NIAL will be the golden shareholder in the project and will have VETO power in making key decisions,” said YEIDA CEO Singh. Further providing details on the project, Singh said that the construction work will be completed in four phases starting from two runways which will be extended to six runways in upcoming years. The authority has appointed Price Waterhouse Coopers (PwC) to study and prepare the feasibility report for additional four runways. Also Read – Two persons arrested for killing manager of Muthoot Finance”The development work in first phase will cover a total of 1334 hectare land while the airport will have two runways in initial phase which will be extended to six runways. The airport will cater a capacity of 12 million passengers in first phase which will gradually increase to 70 million by the fourth phase construction. The total cost of the airport project, which is expected to be one of the biggest in country, will be Rs 15,754 crores and is likely to be operational by 2023,” added Singh. Apart from this, YEIDA also launched an official website http://nialjewar.com and twitter handle @nialjewar where all the required information for the airport project can be accessed. Several decisions were taken in YEIDA’s 65th board meeting held on Thursday. Among the other major decisions taken by the board were development of rural sector and Metro connectivity to the airport. “The board cleared construction of a twin elevated Metro corridor for Jewar from Knowledge Park 2 in Greater Noida. For fiscal year 2019-20, a budget allocation of Rs 3,684 crore has been cleared out of which Rs 500 crore has been sanctioned for the Metro project to Jewar airport while Rs 425 crore has been allotted for the development of airport project. We have also decided to spend Rs 103 crore on rural development beginning with smart village scheme where Rs 84 crore has been allotted for the development of 10 villages” said Singh. Among the other decisions taken were, the board has revised land rates from 6 to 8% across residential, group housing, institutional and industrial properties. The board has also brought a re-schedule plan for Jaypee owned SEZ Formula One land to pay debts of Rs 220 crores.last_img read more

TMX Group names Lou Eccleston chief executive

TORONTO — The TMX Group, operator of the country’s largest stock exchange, has named Lou Eccleston as its new chief executive officer.Eccleston will assume the role on Nov. 3.The company says Eccleston has more than 30 years of experience in capital markets, information services and financial sectors. He was most recently the president of S&P Capital IQ and chairman of the Dow Jones Indices. He also worked at Thomson Financial and was a long-time executive at Bloomberg LP.Eccleston is taking over the top job from Thomas Kloet, who will remain CEO until Oct. 31.Kloet had joined the TMX Group in 2008, shortly after its merger with the Montreal Exchange and as the industry headed into a period of consolidation.The TMX Group owns the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal derivatives market and others. For the past year, the TMX has been focused on expanding its services as it struggles to attract more companies to list on its main exchange.The Canadian PressTom Kloet extends stay at TMX Group as replacement speculation mounts read more